At a general meeting held 30 June, shareholders in Oil and Gas Exploration and Production decided to allocate 4 830 053.28 leva (2.469 mln euros) to the company's reserves fund and 346 033.23l leva (176,924 euros) to cover losses from prior periods, BSE reports.

The company's 2006 profit is in the amount of 5 176 086.51 leva (2.647 mln euros). Shareholders also approved expemption from liability of the members of the Board of Directors for their activities in 2006.

Oil and Gas Exploration and Production AD's 1Q profit stands at 2.152 mln leva (1 100 300 euros), or 0.17 leva per share, against 1.842 mln leva (941,799 euros), or 0.15 leva per share a year ago.

Chimimport controls 52% of the company's capital and Inter Rubber Chemi Ltd has 21.97%.

2887 shares have changed hands so far today on the BSE, at an average of 9.83 leva/share.